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Tbilisi Aircraft Manufacturing plans to invest in UK company

Georgia Materials 20 August 2012 10:05
Tbilaviamsheni Georgian State Company together with the Ukrainian company producing aircraft simulators Market-Mats plans to invest in the west of England, in the industrial area of Hereford.
Tbilisi Aircraft Manufacturing plans to invest in UK company

Georgia, Tbilisi, Baku, Aug. 18 / Trend N.Kirtskhalia /

Tbilaviamsheni Georgian State Company together with the Ukrainian company producing aircraft simulators Market-Mats plans to invest in the west of England, in the industrial area of Hereford.

According to the Georgian media, based in the U.S. consulting company Business Development Get It Group LLC, which provides advice to Tbilaviamsheni regarding profitable investment and the Ukrainian Market-Mats signed a cooperation agreement, which involves placing two sets of industrial companies in the Hereford industry zone.

Hereford Industrial Zone is one of the 24 zones that were formed by the coalition government of Great Britain in order to stimulate business and create new jobs, which offer potential investors a variety of financial incentives, reduced regulation, and other conditions to encourage them to locate their business.

Tbilaviamsheni is a multi-faceted company, which creates a diverse production of military and civilian use. The company makes repairs and modernization of military aircraft Su-25 and MiG-21", as well as Mi helicopter.

The company also manufactures small-sized business aircraft and produces industrial products of non-aviation purposes.

Tbilaviamsheni privatization of which was made seven years ago, in 2010, came into the possession of the Ministry of Defence of Georgia, which, according to the authorities of the country, was carried out in the formation and repair of military-industrial complex.

Currently, the company is part of the Delta military science and technology center at the Ministry of Defence of Georgia.

Details of future activities of Tbilaviamsheni in the UK are not yet known.

The Ministry of Defence of Georgia refused to answer questions about the project.

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